SHANGHAI -- The major Chinese city of Shenzhen has launched a campaign to snap up unsold homes with the aim of turning them into affordable housing, under a nationwide scheme to reverse the relentless property market downturn.
Property
Shenzhen throws weight behind China's drive to absorb unsold homes
City joins nationwide plan to convert abandoned projects into affordable housing
Workers get lunch from roadside stalls near buildings under construction in Shenzhen's Qianhai New District, a commercial development sector of the city. The city government has begun to convert unsold apartments within its jurisdiction into affordable housing © Reuters
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